Energy Vault absorbs Boulder's Goshe Energy Storage and its 2.3GW pipeline

What's the deal? Energy Vault HoldingsDealroom has a profile for this one. Try Dealroom → (NYSE: NRGV), a publicly traded California firm, has acquired Boulder-based Goshe Energy StorageDealroom has a profile for this one. Try Dealroom →. The deal, whose terms were undisclosed, brings 15 storage projects totalling more than 2.3GW of power under Energy Vault.

What's the endgame? Energy Vault develops and operates energy storage systems. Absorbing Goshe's project pipeline expands its portfolio of battery energy storage system (BESS) developments.

Who's joining? Goshe's development team will move to Energy Vault to continue building and operating the acquired portfolio. The group brings "more than 75 years of combined experience in renewable energy development, BESS project management and financial services," Energy Vault said.

The signal: Battery storage is central to balancing renewable-heavy grids, and consolidation lets publicly listed developers scale their pipelines fast. By acquiring rather than building from scratch, Energy Vault adds gigawatts of projects and the people to deliver them in one move.

Read more: bizwest.com

Image credit: blmcalifornia